Victory Capital Management Inc. Has $550.42 Million Stock Holdings in Motorola Solutions, Inc. $MSI

Victory Capital Management Inc. lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 56.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,203,661 shares of the communications equipment provider’s stock after purchasing an additional 435,178 shares during the quarter. Victory Capital Management Inc.’s holdings in Motorola Solutions were worth $550,422,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MSI. CI Investments Inc. lifted its position in shares of Motorola Solutions by 32.3% during the third quarter. CI Investments Inc. now owns 135,814 shares of the communications equipment provider’s stock worth $62,106,000 after purchasing an additional 33,144 shares in the last quarter. 111 Capital raised its position in Motorola Solutions by 19.9% in the 3rd quarter. 111 Capital now owns 2,797 shares of the communications equipment provider’s stock worth $1,279,000 after purchasing an additional 465 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in Motorola Solutions by 26.0% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 15,746 shares of the communications equipment provider’s stock worth $7,200,000 after buying an additional 3,253 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Motorola Solutions during the 3rd quarter worth $1,328,000. Finally, New Age Alpha Advisors LLC boosted its position in Motorola Solutions by 19.5% in the 3rd quarter. New Age Alpha Advisors LLC now owns 1,951 shares of the communications equipment provider’s stock valued at $892,000 after buying an additional 318 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSI. Northcoast Research upgraded Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 target price for the company in a research report on Monday, December 1st. Barclays upped their target price on shares of Motorola Solutions from $495.00 to $506.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Weiss Ratings cut shares of Motorola Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 11th. Piper Sandler reissued an “overweight” rating and set a $499.00 price target (up from $443.00) on shares of Motorola Solutions in a research note on Thursday, February 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $470.00 price objective on shares of Motorola Solutions in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $497.14.

Insider Buying and Selling at Motorola Solutions

In other Motorola Solutions news, CEO Gregory Q. Brown sold 50,000 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $468.09, for a total value of $23,404,500.00. Following the completion of the sale, the chief executive officer directly owned 47,167 shares in the company, valued at $22,078,401.03. This represents a 51.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Cynthia Yazdi sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $471.01, for a total value of $3,297,070.00. Following the sale, the chief executive officer directly owned 9,529 shares in the company, valued at approximately $4,488,254.29. This represents a 42.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 100,634 shares of company stock valued at $47,189,456. Company insiders own 1.44% of the company’s stock.

Motorola Solutions Stock Up 0.8%

Motorola Solutions stock opened at $486.31 on Tuesday. The company’s 50 day simple moving average is $413.39 and its 200 day simple moving average is $422.36. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The firm has a market capitalization of $80.56 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 3.38 and a beta of 0.96. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.04 and a quick ratio of 0.87.

Motorola Solutions (NYSE:MSI) last issued its earnings results on Wednesday, February 11th. The communications equipment provider reported $4.59 EPS for the quarter, beating the consensus estimate of $4.35 by $0.24. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.34 billion. Motorola Solutions had a net margin of 18.44% and a return on equity of 110.75%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.04 earnings per share. As a group, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, March 20th will be issued a dividend of $1.21 per share. The ex-dividend date is Friday, March 20th. This represents a $4.84 annualized dividend and a yield of 1.0%. Motorola Solutions’s payout ratio is currently 37.93%.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.